💰Do you want a chance to win 100,000 sats (~$28 in BTC), paid straight into your wallet? Entry is easy so don’t miss your chance to win!💰

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As a huge supporter of self-custody, I believe that most, if not all, of our Bitcoin should be held by us. However, I understand that some people will want to use custodians for one purpose or another.

In recent years, people have used custodians and technologies to attempt to recreate Bitcoin's utility on other blockchains. The most popular example is "bridging" Bitcoin over to the Ethereum blockchain in order to use one's Bitcoin within Ethereum's DeFi ecosystem, which is often done through the use of so-called Bitcoin "stablecoins."

I personally see a number of risks associated with using Bitcoin stablecoins on Ethereum (or anywhere else for that matter):

• Centralization: Ethereum is a centralized blockchain, which means that it is controlled by a small group of people. That makes it vulnerable to censorship and other forms of attack.
• Smart contract risks: Ethereum-based stablecoins rely heavily on smart contracts, which are pieces of code that run on the Ethereum blockchain. History has shown that smart contracts usually have poorly written code and can be hacked.
• Key loss: When you use a Bitcoin stablecoin, you have to give your Bitcoin private keys to someone else. That means that you technically lose control of your Bitcoin and could potentially lose it forever if the custodian fails, gets robbed, or rug pulls.

For these and other reasons, I don't use Bitcoin stablecoins.

If you're looking to get into self-custody, here are some of the benefits of using a non-custodial wallet:

• Security: You have complete control over your Bitcoin and no one can take it away from you.
• Privacy: Non-custodial wallets are often KYC-free, so you have more privacy from the start.
• Freedom: You're free to use your Bitcoin however you want, without being restricted by a third party.

In the hopes that I can bring someone further into the Bitcoin space, I'd like to start June off by gifting some Bitcoin. Participating in this Bitcoin giveaway is easy:

1. Follow me here on Publish0x

2. Subscribe to my newsletter (free or paid)
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3. Follow me on Twitter or LinkedIn
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*How much Bitcoin will the winner receive?

• The winner of this giveaway will receive 100,000 sats, which are currently valued at about $28 USD.

Good luck on your Bitcoin journey!